India’s sugar production has increased by 8.32 per cent year-on-year to 14.6 million tonnes till January 15 but overall output at the end of the season will be lower than the previous year, the Indian Sugar Mills Association (ISMA) said…

The fortunes of Indian billionaires grew by an astronomical 35 per cent per day last year, or by Rs 2,200 crore daily, while the poorest 10 per cent of the country have continued to remain in debt since 2004, according…

Kotak Mahindra Bank on Monday reported a 22.57 per cent increase in its standalone net profit during the October-December quarter on a year-on-year basis. Its standalone net profit stood at Rs 1,290.93 crore, up from Rs 1,053.21 crore recorded during…

Consider these statistics:* Over the years, the Indian Railways is unable to fill vacancies * Till November, 2018, 266,790 Group C & D posts were vacant * Total No of railway employees during 2016-17 was 13,08,323 * Total No of…

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on Bank of Maharashtra for deficiencies in regulatory compliance. According to the RBI, the fine was imposed by an order dated January 4, 2019 “for…

The personal accident and air accident insurance covers for serving army personnel and veterans have been increased to Rs 30 lakh and Rs 1 crore, respectively, under an MoU signed here on Thursday by state-run Punjab National Bank and the…

With an aim to lure more passengers and sell-off its vacant seats in business class, financially stressed Air India has launched a scheme for passengers to upgrade their economy class tickets to business class. Breifing reporters about the new scheme…

IBM investors from India earned over 800 patents — the second highest contributor to the company’s global record of 9,100 patents in the US in 2018 — with nearly half in the fields of Artificial Intelligence (AI), Cloud computing, cyber…

Assuring adequate liquidity measures whenever the need arises RBI Governor Shaktikanta Das on Monday noted that liquidity should not become “loose money” and the apex bank would excercise the measures with caution. The Reserve Bank of India has “a sense”…

The HDFC’s Board will consider raising Rs 45,000 crore through issuance of secured redeemable non-convertible debentures (NCDs). Accordingly, the company’s Board will consider the issuance of NCDs on private placement basis in a meeting on January 29, 2019. “The board…